How to Calculate Standard Deviation with Examples Standard deviation is a statistical measurement that helps us understand the spread or variability of a dataset. It provides valuable insights into how individual data points relate to the mean (average). In this article, we'll break down the calculation of standard deviation into simple steps and provide examples to ensure a clear understanding. Understanding Standard Deviation: Standard deviation quantifies the dispersion or spread of a dataset. It indicates how far individual data points deviate from the mean. A smaller standard deviation suggests that data points are closer to the mean, while a larger standard deviation indicates a wider range of values. Step-by-Step Calculation of Standard Deviation: To calculate the standard deviation, follow these steps: Step 1: Find the Mean: First, calculate the mean (average) of the dataset by adding up all the data points and dividing the sum by the total number of data points. Step 2: Su...
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